CCA THE LONDON CLASSIC CAR SALE 2021 25th-27th June

120 CCA The London Classic Car Show Sale 25th-27th June 2021 classiccarauctions.co.uk instruct CCA as to the appropriate course of action. CCA may endeavour to assist the Seller but CCA shall be under no obligation to do so, and shall not be under any obligation to institute proceedings in its own name. 12.5 In the absence of any written instructions from the Seller to CCA within 7 days of CCA having notified the Seller under clause 12.4 CCA shall be entitled to take any of the actions set out in clause 19.: 12.6 Any monies recovered by and paid to CCA in consequences of CCA taking one or more of the steps referred to in clause 19 shall be applied to the payment of: 12.6.1 legal or other costs incurred by CCA in connection with such steps;. 12.7 Expenses; 12.7.1 the Buyer’s Premium and the Seller’s Commission on the sale of the Lot; 12.7.2 any balance remaining shall be paid to CCA to the Seller (or, if appropriate, the Buyer). If there shall be a shortfall any such shortfall shall be made good by the Seller to CCA on demand. 12.7.3 If within 7 days after receipt of the notice referred to in clause 12.5 the Seller informs CCA that he wishes re- delivery of the Lot, he shall be entitled to do so but only upon prior payment of all Expenses and all legal and other costs reasonably incurred by CCA so as to keep CCA fully recompensed. 13. WITHDRAWAL 13.1. The Seller may by notice in writing to CCA withdraw the Lot from the Auction. In the event of such withdrawal, the Seller shall within 14 days of withdrawal pay CCA the sums set out in this Condition 13. All such sums shall be payable to CCA as remuneration for the services performed by CCA down to the date of withdrawal, and not by way of penalty or liquidated damages. 13.2 In all cases of withdrawal, the Seller shall be liable to pay CCA 15% of the mid estimate value of the Lot, notwithstanding that commission of a lesser, or no, amount had previously been agreed, to reflect the time, effort, loss of publicity and buyer’s premium suffered by CCA. In the event of a Lot having no reserve and therefore no estimate the Seller shall be liable to pay CCA 15% of the auctioneer’s reasonable estimate. The fee shall be subject in each case to VAT and Expenses. 13.3.In the event that the Seller withdraws the Lot from the Auction, the Seller shall arrange for collection and removal of the Lot at his own expense within two working days after the date of withdrawal provided that the Seller may not collect the Lot unless and until any withdrawal fee payable under Conditions 13.1 and 13.2 shall have been paid in full. 14. REMOVAL AND STORAGE 14.1 Motor vehicles can be collected from our central location on the Monday and Tuesday following the sale. Buyers should satisfy themselves that they have all the relevant spares, documents and keys relating to their lot(s) at the time of collection. Any vehicles not collected by 1pm on Tuesday 22nd September will be taken to our transport partners storage facility in Northampton for a fee of £150 plus VAT. Storage will be charged from the Wednesday onwards at £10 plus VAT per day. Written instruction from buyers must be provided if they wish their lot(s) to be collected by a third party. 15. THE BUYER 15.1 The Buyer shall be the highest bidder at the Hammer Price. Any dispute as to any bid shall be settled by the Auctioneer at his/her absolute discretion. Every bidder shall be deemed to act as principal unless prior to the commencement of the Auction there is a written acceptance by CCA that a bidder acts as agent on behalf of the named principal, and that its principal has agreed to and/or is bound by these Conditions; in which case he shall be jointly liable with the principal under these Conditions”. 16. BUYER’S PREMIUM 16.1 The Buyer shall pay the Buyer’s Premium at the following rates to CCA: Motor vehicles 11% plus VAT, Number plates 10% plus VAT and Automobilia and lifestyle items 1% plus VAT. The Buyer acknowledges that CCA may also receive the Seller’s Commission due to CCA under Clause 10. 16.2 VAT may also be payable on the hammer price of a Lot. Any lots will be clearly marked as such in the catalogue description as follows: † VAT on hammer price and buyers premium at the prevailing rate Ω VAT on imported items on the hammer price and the buyers premium at the prevailing rate* - VAT on imported items at a rate of 5% on the hammer price and the prevailing rate on the buyers premium* -- VAT on imported items on the hammer price and buyers premium at the prevailing rate, plus 10% duty on the hammer price* Note * This import VAT is not payable by buyers exporting to the EU. However, import VAT will be due in the country you are importing to. All other lots will be sold using the Auctioneers Margin Scheme (VAT Notice 718/2). VAT will not be charged on the hammer price. THE VAT on the buyers premium will not be split out and cannot be reclaimed by UK VAT registered businesses or individuals. There is no VAT payable on buyers premium for sales under the Auctioneers Margin Scheme where the item is being exported to the EU within 3 months of the auction date. It is the buyers responsibility to provide evidence of export within the time specified. Failure to do so will result in the VAT becoming payable to CCA immediately. 16.3 Further duties and VAT may be applicable on exporting lots from the UK. It is the responsibility of the Buyer to settle these charges.